$3,795,000
Presenting 6461 Woodley Ave, a 2025-constructed multifamily investment opportunity located in the highly desirable Lake Balboa / Van Nuys submarket. The property is master leased at $28,000 per month for a 3-year term with two additional 1-year extension options, providing investors with immediate, stable cash flow and a strong 7.28% cap rate. Leased started February 2025. The property consists of five residential units plus a detached ADU (6 units total) and is projected to generate approximately $336,000 in annual gross income. Designed with modern construction standards and thoughtful layouts, the units feature open-concept floor plans, premium laminate flooring, contemporary white kitchens with stainless steel appliances, and in-unit washers and dryers, creating a highly desirable living environment for today's renters.Additional highlights include 10 on-site parking spaces accessible from the rear alley, a valuable amenity that enhances tenant convenience and long-term rental stability in this high-demand rental market.Ideally situated with convenient access to the 405 and 101 freeways, the property allows for easy connectivity throughout Los Angeles. Residents also enjoy close proximity to Lake Balboa Park, known for its scenic trails, lakes, and expansive green spaces, providing a rare combination of urban accessibility and outdoor recreation.With new construction quality, a master lease providing reliable income, minimal maintenance requirements, and a strong 7.28% cap rate, 6461 Woodley Ave presents a turnkey multifamily investment opportunity with stable returns in one of the San Fernando Valley's most desirable rental markets.
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Listed by Michael Fitzgerald with Rise Realty (866) 344-7473
Property Type
Residential Income
Status
Active
MLS Number
26661771
Year Built
2024
Lot Size
7,018 sq ft